A crypto token is a virtual currency token or a denomination of a cryptocurrency. It represents a tradable asset or utility that resides on its own blockchain and allows the holder to use it for investment or economic purposes. LBM's Crypto Token Development Services are among the leading token services. Our experienced team of Blockchain experts assures that your token suits your project's requirements, thus leading to exponential marketing. With #1 Blockchain Technology, we try our best to cater to your needs so your projects achieve every milestone.
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How To Develop Your Own Crypto Token.pptx
1. How To Develop
Your Own
Crypto Token
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2. What is Crypto Token
A crypto token is a virtual currency token or a
denomination of a cryptocurrency. It represents
a tradable asset or utility that resides on its own
blockchain and allows the holder to use it for
investment or economic purposes.
3. How To Build Tokens
Adapted from SaaS models, blockchain as a service
(BaaS) offers to develop and implement specific
“Smart Contracts” to host tokens on a blockchain for a
number of different purposes(as coded in the
contract). In a systematic way, building tokens go
through 3 main stages:
1.Define token properties
2.Develop a smart contract
3.Deploy the contract on a blockchain
4. A token has a number of different use-cases depending
upon the context of its use e.g, if you are deploying a token
to attract investors, you will use ERC-20 tokens. The tokens
specifies the following:-
The total supply of tokens
Tokens name and symbol
Tokens inherit and specific features/functions
1. Define Token Properties:
5. All the tokens are governed by the basic
fundamentals of “Smart Contracts”, so when you
are building a token, you have to code the smart
contracts according to the properties and features
the token holds.
2. Develop a Smart Contract:
6. As tokens run on top of blockchains, the smart
contracts, which are now fully encrypted by
means of cryptography, are deployed on a
particular blockchain to run and perform its
functions and complete the transactions.
3. Deploy the contract on blockchain: